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VASSAR FOUNDRY CO. v. WHITING CORPORATION

No. 4039.

2 F.2d 240 (1924)

VASSAR FOUNDRY CO. v. WHITING CORPORATION et al.

Circuit Court of Appeals. Sixth Circuit.

November 3, 1924.

Attorney(s) appearing for the Case

Max Kahn, of Detroit, Mich., for petitioner.

Walter M. Nelson, of Detroit, Mich. (Fred A. Lehmann, Wm. J. Lehmann, and Mark L. Rowley, all of Detroit, Mich., on the brief), for respondents.

Before DENISON, MACK, and DONAHUE, Circuit Judges.

DENISON, Circuit Judge.

The Michigan statutes (sections 13563 and 13570, C. L. 1915) provide that, if the directors of a corporation shall for any reason deem it beneficial to the stockholders that the corporation be dissolved, they may apply by petition to the local chancery court; that their petition shall show, among other things, all the property and all the creditors; that thereupon an order to show cause is to be made and served upon all the creditors; and that...

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